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UMKC program gets $2M to boost entrepreneurship

Published On: Aug 19 2013 06:02:22 AM CDT

KANSAS CITY, Mo. -

The effort to boost entrepreneurship in the Kansas City region is getting a $2 million boost.

The University of Missouri-Kansas City's Innovation Center will use the money to create something called the University Center Program. Its goal is to support high-growth entrepreneurship in the region by doing things such as increasing the capital pool for startup companies and strengthening the network of resources for entrepreneurs and small business.

Half the money will come from a five-year, $1 million grant from the U.S. Department of Commerce. The university said in a news release that the grant is being matched with $1 million in contributions from Kansas City corporations, including AMC Theatres, H&R Block and Sprint.

A small business-focused Innovation Center program called KCSourceLink will oversee the University Center Program.

Copyright 2013 by KMBC.com and The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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